Suburb Profile Report for Sylvania Waters NSW (2224)

Sylvania Waters House: Median price $1,675,000, Annual capital growth 9.13%, Number of sales 28, Weekly median advertised rent $1,200

Sylvania Waters Unit: Median price $631,000, Annual capital growth 8.33%, Number of sales 14, Weekly median advertised rent $510

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Property investors who have had real estate in Sylvania Waters, 2224 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -38.10%

Comparing Sylvania Waters,2224 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Residents and property investors in Sylvania Waters have been waiting around 86.5 days to sell a property.

Advertised rents are around the $1200 mark per week – giving a return of 3.73% based on the median price in Suburb

On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.

Using the current median advertised rental of $510 and the average annual increase in value of a median property of 8.33%, investors should hope to achieve an overall return of 4.20%

Information supplied by:


April 2019

M
O

W
E

Average annual growth holds up

Postcode: 2224

Median unit price: $666,250

Three-year growth: 1.6%

Rental yield: 4.1%

A beautiful suburb by the water, located just 21km south of the Sydney CBD, Sylvania Waters boasts stunning views. Its streets are named after rivers in Australia, driving home its affinity with water.

Its unit market is slowing, but remains positive despite the current status of the NSW property scene. The average annual growth is still at a high 7.3%, as prices increased by 2.7% to a median of over $650,000 during the February 2018-2019 period.

While the suburb is mainly residential, owner occupiers still enjoy the benefit of several shopping hubs on Belgrave Esplanade, Sylvania Shopping Village, Sylvania Shopping Centre and Richmond Centre. The state-of-the-art Sylvania Waters Athletics Track was also established here. The suburb also gained some Hollywood recognition when the artificial James Cook Island became the set for a scene in 2006’s Superman Returns.

Metrics i HOUSE UNIT
$1,675,000 $631,000
-0.45% 5.17%
-38.10% N/A
9.13% 8.33%
$1,200 $510
28 14
3.73% 4.20%
86.5 52.6666666666667

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3124
Median household income ($/weekly) 1660
Median age of persons 41
Median housing loan repayment ($/monthly) 2500
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 389 12.4
    25-34 years 330 10.6
    35-44 years 435 13.9
    45-54 years 476 15.2
    55-64 years 373 11.9
    Others 1122 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 1416 58.3
    Not Married 893 36.8
    Defacto Relationship 120 4.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2118 70.5
    Croatia 140 4.7
    India 63 2.1
    United Kingdom 85 2.8
    Other 135 4.5
    Others 463 15.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 103 3.5
    Christianity 2330 78.1
    Hinduism 31 1.0
    Islam 75 2.5
    No Religion 433 14.5
    Others 12 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 82 8.6
    $1,500-$1,999 125 13.1
    $2,000-$2,499 94 9.9
    $2,500-$2,999 99 10.4
    $4,000 or more 87 9.1
    Others 464 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 999 40.6
    Not in the labour force 844 34.3
    Employed, worked part-time 479 19.5
    Employed, away from work 83 3.4
    Unemployed, looking for work 56 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 305 19.6
    Professionals 303 19.4
    Technicians & trades workers 190 12.2
    Clerical & administrative workers 293 18.8
    Sales 189 12.1
    Others 279 17.9
    Occupation
    Census Count Percent(%)
    Pre-school 69 8.9
    Infants/Primary 255 32.8
    Secondary 235 30.2
    Technical or Further Educational Institution 70 9.0
    University or other Tertiary Institutions 135 17.4
    Others 14 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2539 83.7
    Flat, unit or apartment 291 9.6
    Semi-detached, row or terrace house, townhouse 203 6.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 492 47.2
    Being purchased 379 36.4
    Rented 164 15.7
    Other tenure type 7 0.7
    Tenure Type
Census 2011, ABS
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